PUBLIC SERVICE CREDIT UNION (EIN 351079390) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Principal Officer

CAROLYN MIKESELL

Phone

2604323433

Tax Period

2024-01-01 to 2024-12-31

PUBLIC SERVICE CREDIT UNION, founded in 1932, is a community nonprofit in the Public & Societal Benefit sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 5% surplus.

Mission

STATE CHARTERED CREDIT UNION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,787,127

Investment Income $956,914

Other Revenue $66,079

TOTAL REVENUE $4,810,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,493,803

Fundraising Expenses $0

Program Expenses $4,573,174

Other Expenses $3,079,371

TOTAL EXPENSES $4,573,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,810,120	$3,997,689	+0.2%
Expenses	$4,573,174	$3,569,189	+0.3%
Net Income	$236,946	$428,500	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$394,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY GRAHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
NATHANIEL KOLMERTEN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MATTHEW SHEPPARD	SUPERVISORY CHAIR	1.00	Officer Director	$0	$0	$0
BREANNA DEJONGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY ALBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN MIKESELL	CEO & DIRECTOR	40.00	Officer	$189,983	$0	$189,983
GREG WILSON	VICE PRESIDENT	40.00	Officer	$95,733	$0	$95,733
PATRICIA HLADIK	VICE PRESIDENT	40.00	Officer	$108,481	$0	$108,481

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,810,120	$4,573,174	$82,182,747	$236,946
2023	$3,997,689	$3,569,189	$79,269,843	$428,500
2022	$3,101,593	$2,782,300	$75,341,624	$319,293
2021	$3,142,345	$2,578,664	$71,724,088	$563,681
2020	$2,687,440	$2,563,846	$65,191,247	$123,594
2019	$2,648,385	$2,443,866	$57,994,747	$204,519
2018	$2,169,862	$2,065,521	$53,473,202	$104,341

PUBLIC SERVICE CREDIT UNION